Analysts revise forecasts ahead of Commercial Metals Q3 earnings
Commercial Metals Company will announce its third quarter earnings on June 25, with analysts expecting $1.75 per share on $2.41 billion revenue. The company recently increased its quarterly dividend by 11%. Analysts have mixed views, with Wells Fargo downgrading the stock and UBS upgrading it, while others adjusted price targets.
*this image is generated using AI for illustrative purposes only.
Commercial Metals Company is scheduled to release its third quarter earnings report before the opening bell on Thursday, June 25. Analysts project quarterly earnings of $1.75 per share, an increase from 74 cents per share in the year-ago period. The consensus estimate for revenue stands at $2.41 billion, compared to $2.02 billion reported last year.
On March 25, the company announced an 11% increase in its quarterly dividend. Shares of Commercial Metals fell 4.5% to close at $73.22 on Wednesday.
Analyst Ratings and Price Targets
Several analysts have recently revised their ratings and price targets for Commercial Metals stock. Wells Fargo analyst Timna Tanners downgraded the stock from Overweight to Equal-Weight with a price target of $77 on June 4, 2026. Tanners holds an accuracy rate of 76%.
Morgan Stanley analyst Carlos De Alba maintained an Overweight rating and raised the price target from $75 to $83 on June 1, 2026. De Alba's accuracy rate is 75%. Barclays analyst Richard Garchitorena initiated coverage with an Equal-Weight rating and a price target of $75 on May 22, 2026, with a 56% accuracy rate.
UBS analyst Andrew Jones upgraded the stock from Neutral to Buy, increasing the price target from $79 to $89 on May 14, 2026. Jones has an accuracy rate of 51%. JP Morgan analyst Bill Peterson maintained an Overweight rating but reduced the price target from $83 to $78 on April 14, 2026, with a 61% accuracy rate.
Recent Analyst Activity
| Analyst | Firm | Rating Action | Price Target | Accuracy Rate |
|---|---|---|---|---|
| Timna Tanners | Wells Fargo | Downgrade to Equal-Weight | $77 | 76% |
| Carlos De Alba | Morgan Stanley | Maintain Overweight | $83 | 75% |
| Richard Garchitorena | Barclays | Initiate Equal-Weight | $75 | 56% |
| Andrew Jones | UBS | Upgrade to Buy | $89 | 51% |
| Bill Peterson | JP Morgan | Maintain Overweight | $78 | 61% |
How will the recent divergence in analyst price targets impact investor sentiment ahead of the earnings release?
What factors are driving the projected significant increase in quarterly earnings compared to the previous year?
Will the company maintain its dividend growth trajectory if earnings meet or exceed expectations?
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